In a move that will revolutionize how Americans pay for vacations, Gate 1 Travel has become the first mainstream tour operator to introduce a "Vacation Layaway" program.
Put down as little as $200 for land packages or $300 for cruises up to a year in advance. Then, pay as much or as little as you want until the final payment due date (usually 45 days before land departures and 120 days before cruising).
In order to participate in the Vacation Layaway program, all travelers need to do is make an initial deposit to reserve their vacation, and then make payments towards their trip as they see fit on an ongoing basis. It is the responsibility of the traveler to send regular payments toward their vacation.
This way, travelers are assured of a seat on a tour that they want to go on without having to make the entire payment in advance or racking up charges on a credit card and then incurring additional interest payments.
"One of the great things about buying your vacation on layaway is that you can lock in prices and the date you want to travel now and then make your payments toward your dream trip."
-- Marty Seslow, VP of Marketing for Gate 1 Travel